The Academy's first building was in Tenterden Street, Hanover Square[5] and in 1911 the institution moved to the current premises (which include the 450-seat Duke's Hall),[5] built at a cost of £51,000 on the site of an orphanage.[6] In 1976 the Academy acquired the houses situated on the north side and built between them a new opera theatre donated by the philanthropist Sir Jack Lyons and named after him and two new recital spaces, a recording studio, an electronic music studio, several practice rooms and office space.[7]

The Academy again expanded its facilities in the late 1990s, with the addition of 1-5 York Gate, designed by John Nash in 1822,[8] to house the new museum, a musical theatre studio and several teaching and practice rooms. To link the main building and 1-5 York Gate a new underground passage and the underground barrel-vaulted 150-seat David Josefowitz recital hall were built on the courtyard between the mentioned structures.[9]

The Royal Academy of Music offers training from infant level (Junior Academy), with the senior Academy awarding the LRAM diploma, B.Mus. and higher degrees to Ph.D.[11] The former degree GRSM, equivalent to a university honours degree and taken by some students, was phased out in the 1990s. All undergraduates now take the University of London degree of BMus.

The Academy collaborates with other conservatoires worldwide, including participating in the SOCRATES student and staff exchange programme. In 1991, the Academy introduced a fully accredited degree in Performance Studies, and in September 1999, it became a full constituent college of the University of London, in both cases becoming the first UK conservatoire to do so.[12]

The Academy has students from over 50 countries, following diverse programmes including instrumental performance, conducting, composition, jazz, musical theatre and opera. The Academy has an established relationship with King's College London, particularly the Department of Music, whose students receive instrumental tuition at the Academy. In return, many students at the Academy take a range of Humanities choices at King's, and its extended academic musicological curriculum.

The Junior Academy, for pupils under the age of 18, takes place every Saturday.

Soon after violinist Yehudi Menuhin's death, the Royal Academy of Music acquired his personal archive, which includes sheet music marked up for performance, correspondence, news articles and photographs relating to Menuhin, autograph musical manuscripts, and several portraits of Paganini.[16]

Harriet Cohen bequeathed a large collection of paintings, some photographs and her gold bracelet to the Academy, with a request that the room in which the paintings were to be housed was named the "Arnold Bax Room". Noted for her performances of Bach and modern English music, she was a friend and advocate of Arnold Bax and also premièred Vaughan Williams' Piano Concerto - a work dedicated to her - in 1933. In 1886, Franz Liszt performed at the Academy to celebrate the creation of the Franz Liszt Scholarship[17] and in 1843 Mendelssohn was made an honorary member of the Academy.[17]

In February–March 2006, an Academy festival celebrated the violin virtuoso Niccolò Paganini, who first visited London 175 years earlier in 1831. The festival included a recital by Academy professor Maxim Vengerov, who performed on Il Cannone Guarnerius, Paganini's favourite violin.[23] Academy instrumentalists and musical theatre students have also performed in a series of concerts with the Academy alumnus Sir Elton John.[24]

The Academy's public museum is situated in the York Gate building, which is connected to the Academy's building via a basement link. The museum houses the Academy's collections, including a major collection of Cremonese stringed instruments dated between 1650 and 1740, a selection of historical English pianos from 1790 to 1850, from the famous Mobbs Collection, original manuscripts by Purcell, Mendelssohn, Liszt, Brahms, Sullivan and Vaughan Williams, musical memorabilia and other exhibits.[26]

The Royal Academy of Music publishes every year a list of persons who have been selected to be awarded one of the Royal Academy’s honorary awards. These awards are for alumni who have distinguished themselves within the music profession (Fellow of the Royal Academy of Music, FRAM), distinguished musicians who are not alumni (Honorary Member of the Royal Academy of Music, Hon RAM), alumni who have made a significant contribution to the music profession (Associate of the Royal Academy of Music, ARAM) and to people who are not alumni but have offered important services to the institution (Honorary Associate of the Royal Academy of Music, Hon ARAM). Honorary Fellowship of the Royal Academy of Music (Hon FRAM) is awarded by the Governing Body of the Academy. As a full member of the University of London, the Academy can nominate people to the University of LondonHonorary Doctor degree (Hon DMus).[30]